Operations Manager

JOHN T. VALENTE

** ********* **** *******, ** ***76 Phone: 781-***-**** ad5dpg@r.postjobfree.com

PROFESSIONAL EXPERIENCE

CARPENTER & COMPANY, CAMBRIDGE, MA June 2022 – PRESENT

Real Estate Development and Management Company

ASSISTANT CONTROLLER – COMMERCIAL REAL ESTATE

Manage the monthly closing of commercial real estate properties.

Create annual operating and capital budgets for all entities.

Create monthly reporting for each entity. Provide variance analysis for actual versus budget.

Manage a staff of 1 direct report.

Determine and post monthly accruals.

Create processes and procedures.

Responsible for CAM and CAPEX reconciliations.

Oversee accounts payables and receivables.

Create and maintain a relationship with existing tenants. Ensured that all complex issues pertaining to leases were resolved with respect to; base rent, CAM charges and real estate tax payments, base years, and escalations.

Maintain and reconcile tenant improvement balances and collected invoices for approval and reimbursement to tenants.

Create financials for the Board members of the condo association.

HUNNEMAN, BOSTON, MA June 2021 – April 2022

Real Estate Management Company

SENIOR PROPERTY MANAGER/ACCOUNTANT

Manage a 1.9 million square foot commercial portfolio consisting of office, retail and industrial assets.

Prepare, audited and distributed monthly financial statements including preparation of variance analysis and reforecasting using Yardi Voyager/excel.

Read, analyze and interpret commercial leases.

Bid and negotiate vendor contracts.

Manage a staff of 6 direct reports.

Create operating and capital budgets for all assets in excel.

Responsible for CAM and CAPEX reconciliations.

Manage relationship with accounts payables group to resolve payment of operational invoices to vendors and local governments and approved invoices.

Create and maintain a relationship with existing tenants and address issues immediately. 24 X 7 coverage. Ensured that all complex issues pertaining to leases were resolved with respect to; base rent, CAM charges and real estate tax payments, base years, and escalations.

Maintain a calendar for all critical dates regarding base rent increases, common area increases and annual true-ups.

Maintain and reconcile tenant improvement balances and collected invoices for approval and reimbursement.

CUSHMAN & WAKEFIELD, BOSTON, MA March 2020 – May 2021

Real Estate Management Company

SENIOR PROPERTY MANAGER/ACCOUNTANT

Manage a commercial portfolio and make recommendations for increased value.

Prepared, audited and distributed monthly financial statements including preparation of variance analysis and reforecasting using Yardi Voyager/excel.

Manage a staff of 3 direct reports.

Create operating and capital budgets for all assets in the portfolio using Argus.

Responsible for CAM and CAPEX reconciliations.

Managed relationship with accounts payables group to resolve payment of operational invoices to vendors and local governments and approved invoices.

Mentored accounting staff on all new and existing leases. Prepared accruals, journal entries, and general ledger reconciliations.

Created and maintained a relationship with existing tenants. Ensured that all complex issues pertaining to leases were resolved with respect to base rent, CAM charges and real estate tax payments, base years, escalations with CPI increases, percentage rent etc.

Maintained a calendar for all critical dates regarding base rent increases, common area increases and annual true-ups.

Updated monthly fixed asset schedule to be included in monthly reporting package.

Maintained and reconciled tenant improvement balances and collected invoices for approval and reimbursement.

Lease analysis and administration of commercial leases for a national portfolio.

Created, monitored, and updated policies and procedures manual.

WINTHROP MANAGEMENT, BOSTON, MA August 2017 – July 2019

Real Estate Management Company

FINANCIAL ANALYST/SENIOR ACCOUNTANT

Analyzed performance of portfolio and made recommendations for increased value and determined asset cash flows.

Prepared, audited and distributed monthly financial statements including preparation of variance analysis and reforecasting using Yardi Voyage.

Created operating and capital budgets for all assets in the portfolio.

Assisted Accounts Receivable in resolving tenants’ issues.

Used excel vlookups, pivot tables and sumifs formulas to develop reports.

Prepared month-end reporting for individual properties/entities.

Managed relationship with internal Accounts Payables group to resolve payment of operational invoices to vendors and local governments and approved invoices.

Mentored Accounting staff on all new and existing leases. Prepared accruals, journal entries, general ledger reconciliations and cash reconciliations.

Created and maintained a relationship with existing tenants. Ensured that all complex issues pertaining to leases were resolved with respect to base rent, CAM charges and real estate tax payments, base years, escalations with CPI increases, percentage rent etc.

Maintained a calendar for all critical dates regarding base rent increases, common area increases and annual true-ups.

Updated monthly fixed asset schedule to be included in monthly reporting package.

Maintained and reconciled tenant improvement balances and collected invoices for approval and reimbursement.

Lease analysis and administration of commercial leases for a national portfolio.

Created, monitored, and updated and educated personnel regarding policies and procedures.

CONTRACT/CONSULTING AGENCIES, BOSTON, MA 2014 – July 2017

FINANCIAL ANALYST/ACCOUNTANT

Contracted through various agencies at financial and real estate companies.

COMBINED PROPERTIES, INC, MALDEN, MA 2012 – 2014

Real Estate Investment Company

COMMERCIAL PROPERTY MANAGER

Managed the operation, maintenance and profitability of a portfolio of mixed-use commercial assets in Greater Boston.

Supervised commercial rehab and tenant buildout construction projects. Ensured they were completed on time and on budget.

Responsible for creating and monitoring annual operating and capital budgets.

Supported, trained and directed on-site staff with responsibilities.

Produced monthly and year-end financial analysis and reporting for ownership.

Improved metrix of NOI, ROI, cash on cash and NAV for feasibility of investment.

Negotiated with general contractors and service vendors for the daily operation of assets.

Produced monthly and quarterly reporting and variance analysis of budget to actual for all properties.

Determined proformas for 1,3,5 and 10-year cash flows for operations.

Responsible for lease negotiation, administration, analysis, year-end and rent reconciliations.

Estimated capital budget costs.

Saved $200K in energy consumption with utility conversions and $175K in capital project costs.

Approved all vendor invoices and tenant billings.

Created value by reducing expenses and suggestions for tenant move-ins across the portfolio.

Maintained communication with Project Managers and Director of Construction for tenant build-outs.

Performed weekly property inspections with maintenance staff.

Created policies and procedures for difference processes.

Oversight of the base building operations including; HVAC, plumbing and electrical.

FIRST ATLANTIC CAPITAL LLC, BOSTON, MA 2008 - 2012

Real Estate Investment Company

ASSET MANAGER/AFFORDABLE HOUSING

Managed and maintained over 29 different sites of an LIHTC portfolio of multifamily properties under the Federal and State compliance laws of HUD, MHFA, CHFA, IHDA, NJHMFA and NYHMFA.

Determined financial investment; ROI, NOI, cash on cash, NAV, occupancy and capital balance.

Ensured all accounting functions were performed in a timely manner.

Upgraded chart of accounts to allow for scalability to grow the organization.

Prepared the annual operating and capital budgets for all entities.

Performed daily variance analysis of budget versus actual performance.

Managed the daily operation of over three dozen staff positions including Accountants, Property Managers, vendors, banks and government personnel.

THE RICHMOND COMPANY, WILMINGTON, MA 2004-2007

Real Estate Development Company

DIRECTOR OF PROPERTY MANAGEMENT

Managed 40+ retail and commercial properties throughout New England and Long Island, New York including supermarket anchored shopping centers.

Responsible for annual escalation true-ups.

Supervised a staff of three and dozens of vendors while reporting directly to the Vice-President of Finance.

Prepared annual budgets, property rent rolls and documents for audits.

Managed and increased revenues for all properties to improve NAV.

Determined cash flow, cash outlays, NOI, NAV, occupancy and rent analysis.

Re-forecasted finances for each property and analyzed capital budget cash flows.

Enhanced relationship with an insurance company to obtain suitable coverage for each property including umbrella, property and general liability insurance and the builder’s risk.

Reviewed, converted to accounting, and negotiated tenant leases and setup schedules for tracking receivables.

Settled maintenance charges and real estate taxes. Reduced taxes, which improved the bottom line and added value to the properties.

Acted as a liaison to site supervisors and vendors. Marketed open spaces to tenants, resolved issues and followed up with lease negotiations.

EDUCATION & CERTIFICATIONS

Master in Business Administration, Suffolk University Boston, MA Concentration in Accounting/Management

Bachelor of Science in Finance, University of Massachusetts Boston, MA

Concentration in Finance/Management

TECHNICAL SKILLS: Experience with various financial software applications:

Yardi Voyager, MRI, Building Engines, Argus, Microsoft Excel and Word.

Interests: running, sports, traveling and volunteering.

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